• How do both financial and managerial accounting each benefit a company and its stakeholders?
• If you were a non-accountant stakeholder in a company, how would a basic knowledge of each benefit you?
• How does a lack of understanding of each hurt you?
  • Please give at least one specific example or scenario. If you have a real-world experience, please share a time when having a knowledge of financial or managerial accounting helped you, or a situation when you wished you knew more.